The market opens at a record high once again. The Nifty hits 8500 in opening for first time. The 50-share index is at 8510, up 31.70 points while the Sensex is at 28461.77, up 120.46 pts. The Indian rupee opened higher by 7 paise at 61.69 per dollar on Monday versus 61.76 Friday. The euro near a two-year trough against the dollar and was broadly weaker on prospects of more easing from the European Central Bank. In the US, markets surged to new all-time highs, thanks to a surprise interest rate cut from the People's Bank of China, the first such move in two years, to spruce up growth. Global markets too remained buoyant post the move. Midcap and Smallcap are trading up by 0.33% each as we write this.
Further the market breadth stands positive with 1252 shares are seen advancing against 963 declines.
Further the market breadth stands positive with 1252 shares are seen advancing against 963 declines.
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